Julius Baer to propose payout of second tranche of 2019 dividend; advanced discussions to resolve the FIFA matter in the US Mittwoch, 16. September 2020 - 07:00

Zurich, 16 September 2020 – Following the COVID-related splitting of the 2019 dividend and the approval of the first distribution at the Annual General Meeting on 18 May 2020, the Board of Directors of Julius Baer Group Ltd. is planning to propose the distribution of the second part of the 2019 dividend at an extraordinary shareholder meeting on 2 November 2020.

Subsequent to the closure of an enforcement procedure by the Swiss Financial Markets Authority FINMA against Julius Baer in February 2020, related to the corruption events around the world soccer federation FIFA, the Group continues to pursue the resolution of remaining legacy regulatory and legal matters in cooperation with the relevant authorities.

As previously reported, Julius Baer has been cooperating since 2015 with the U.S. Department of Justice (DOJ) in its investigation of alleged money laundering and corruption involving officials and affiliates of FIFA and associated sports media and marketing companies. The Bank is currently in advanced discussions with the DOJ about reaching a resolution in such matter, which may result in the payment of a double-digit million US dollar amount.

No further comments can be made until an agreement has been reached.

Contacts

Media Relations, tel. +41 (0) 58 888 8888

Investor Relations, tel. +41 (0) 58 888 5256

About Julius Baer

Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. At the end of June 2020, assets under management amounted to CHF 402 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks.

Julius Baer is present in over 20 countries and more than 50 locations. Headquartered in Zurich, we have offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Mexico City, Milan, Monaco, Montevideo, Moscow, Mumbai, São Paulo, Singapore and Tokyo. Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base and our entrepreneurial management culture make us the international reference in wealth management.

For more information, visit our website at www.juliusbaer.com